Class Claims Escrow Office ‘Imploded’

CHICAGO (CN) – American Escrow, and its officers Derek and Steven Lurie took property tax and insurance money from hundreds or thousands of homeowners but shut down without paying the money owed or giving refunds, a class action claims in Federal Court.

Plaintiffs say the Chicago-based office and the Luries, of Highland Park, took money from customers in at least 11 states, until it “imploded,” and shut down in March, with no warning. Plaintiffs estimate damages of more than $5 million. They are represented by Mike Kanovitz with Loevy & Loevy. The law office, coincidentally, is about a block from the old American Escrow office.